SOL Short Setup — Bull Traps Signal More Downside Ahead

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SOL Short Setup — Bull Traps Signal More Downside AheadSolana / US DollarCOINBASE:SOLUSDkeyvankhoSOL is showing a structure that I believe currently favours further downside. After reaching the $110.65 area, price failed to continue higher and has since struggled to recover its previous highs. What caught my attention is the sequence of failed bullish attempts. Several Bull Trap signals have appeared during the consolidation, suggesting that buyers are being trapped when price attempts to recover. At the same time, my Swing Trading Signals & Market Structure indicator generated a QUALITY SELL signal at $104.46. Since that signal, SOL has already moved lower and is currently trading around $101–102. WHY I AM BEARISH The main reasons for my bearish bias are: • Failure to reclaim the previous $110.65 high • Repeated rejection around the $104–107 area • Multiple Bull Trap signals during attempted recoveries • A QUALITY SELL signal at $104.46 • Price continuing to form weaker recovery attempts • Rising trendline support is now under pressure The important support area for me is around $100–101. A decisive break below approximately $100.30 would confirm that the rising support structure has failed and would strengthen the bearish continuation scenario considerably. MY TARGETS T1: $95.16 T2: $92.62 The $95 area is my primary downside objective. STOP / INVALIDATION $107.00 A sustained recovery above $107 would invalidate the current short setup for me and suggest that buyers are regaining control. One important point is that the original SELL signal appeared at $104.46, so the risk/reward was considerably better at the signal itself than it is after the price has already moved lower. My current expectation is that SOL eventually loses the $100–101 support area and continues toward $95, with $92–93 becoming possible if selling pressure continues. Please let me know what you think — I always appreciate different views and feedback. Not financial advice.